Rehab 101: Using State and Federal Historic Rehabilitation Tax Credits
Do you own a historic house that may need some serious repair? Or are you thinking of buying a vacant building and wondering how to afford the fixes? Historic Tax Credits are a crucial tool for making restorations more affordable to ordinary individuals. It works by reimbursing a percentage of qualified expenses.
If you’ve ever been wondering how you can take advantage of these benefits, don’t miss this workshop!
Beth Cumming and Mariana Montes Staines from The New York State Historic Preservation Office (SHPO) will highlight the NYS Historic Homeowner Tax Credit program which can provide up to 20% tax credit to owners of qualifying residential properties. She will also discuss the NYS Historic Commercial Properties Tax Credit, which, when combined with the Federal Rehabilitation Tax credit, can provide a total of 40%-50% tax credit for qualified rehabilitated expenses.
Just recently, the National Park Service (NPS) announced that all commercial/income producing properties historic preservation tax credit applications must be submitted in digital format beginning August 15. Stay up to date on the NPS program here:
The historic homeownership tax credit application process remains unchanged. Please refer to: https://parks.ny.gov/shpo/tax-credit-programs/
Event Details
Friday, October 4 at 2pm
Festival Hub at 113 Liberty St, Newburgh, NY.
Space is limited! RSVP at thefullertoncenter@gmail.com.
If you’d like Spanish translation services for this event, please let us know in advance by emailing archtobernewburgh@gmail.com Mariana Montes Staines can provide translation services.
Si deseas servicios de traducción al español para este evento, por favor háznoslo saber enviando un correo electrónico a thefullertoncenter@gmail.com
AIA Credits offered.
Thank you to New York State Historic Preservation Office for coming to Newburgh to the Historic Tax Credit opportunities. This program is sponsored by the AIA Hudson Valley and presented as part of @archtober, NYC's annual architecture and design festival.
This event is organized in partnership with AIA Westchester + Hudson Valley and presented as part of @Archtober, NYC's annual architecture and design festival.